Home Article Medicaid could have saved 23% by using bid pricing

Medicaid could have saved 23% by using bid pricing

Medicaid could have saved 23% by using bid pricing

Also Noted

Default Author Head Shot

By HME News Staff

Updated Mon January 27, 2014

BALTIMORE - State Medicaid programs could have saved 23%, or $62 million, if they had paid the median competitive bidding rates for incontinence supplies in 2012, according to a report from the Office of the Inspector General (OIG). An added bonus, the OIG states: increased beneficiary access, increased product quality and program control. “However, states reported encountering initial challenges with their competitive bidding programs, and six states attempted to establish competitive bidding but did not fully implement it,” the OIG states. Overall, state Medicaid programs spent $266 million on nine types of disposable incontinence supplies, the OIG found.

Comments

To comment on this post, please log in to your account or set up an account now.